Vedanta’s Demerger Record Date On May 1 – Key Points Shareholders Should Know

Vedanta Demerger Record Date: Vedanta shares gained in early trade on April 29, rising about 1.55 per cent to Rs 750.70 apiece on the NSE after slipping to an intraday low of Rs 732.20. The stock is seeing renewed buying interest as investors position themselves ahead of a key corporate event.

The counter had recently touched a 52-week high of Rs 795 on April 21, after the company announced the record date for its demerger. Since then, it has cooled off by a little over 5.50 per cent.

All focus is now on April 30, when Vedanta will go through a special pre-open price discovery session ahead of its demerger. On this day, the stock will trade ex-demerger, which means its price will be adjusted downward to reflect the separation of four new entities. This fall in price will be purely technical and will not indicate any actual loss in investor value. Once the new companies are listed, overall portfolio valuations are expected to adjust accordingly.

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